¬†Crude oil futures were lower during the mid-morning trade in Asia May 27 as a stronger US dollar dampened demand, outweighing the bullish sentiment generated by the data from the Energy Information Administration, or EIA.¬† At 10:25 am Singapore time (0225 GMT), the ICE Brent July contract was down 27 cents/b (0.39%) from the previous settle at $68.60/b, while the July NYMEX light sweet crude contract was down 31 cents/b (0.47%) at $65.90/b. The weakness in the market seen in the morning May 27 came on the back of a stronger dollar, supported by rising treasury yields amid signs that some US Federal Reserve officials are contemplating starting a conversation about the tapering of the US Central Bank’s $120 billion asset purchase program. The June contract for ICE US Dollar Index was trading at 90.05, […]